Introduction:
In the rapidly evolving world of blockchain technology, FireDAO stands as a pioneer, combining the power of Social DAO, Web3 Identity, and on-chain incentives to fuel the evolution of decentralized civilization. Founded by the RainbowCity foundation, FireDAO is a community-driven on-chain autonomous economy that aims to build a super economy on the blockchain, guided by principles of openness, fairness, and decentralization. This article explores the key components and token economics of FireDAO, shedding light on its vision to create a native on-chain Web3 identity system and revolutionize the concept of social DAOs.
The FireDAO Philosophy:
FireDAO is characterized by its multifaceted philosophy, positioning itself as a Social DAO, a native Web3 on-chain identity system, and a community-driven autonomous economy on-chain. The mission of FireDAO is to fuel the evolution of Bit Civilization, fostering the spirit of enlightenment and wisdom to propel civilization forward. Its vision is to establish a super economy on the blockchain that fully embraces the principles of encryption, empowering the community with freedom, transparency, and co-governance.
Token Economics: 3+2+7+1+X Mode:
FireDAO implements an innovative token economic model, the 3+2+7+1+X mode. In its early stages, more than 10 different types of tokens work cohesively to sustain and expand the entire chain economy. As FireDAO matures, these tokens will culminate in a super economy on the blockchain that is self-operating, circular, and in alignment with the true spirit of encryption.
Ecological Sources of Income:
To ensure a sustainable ecosystem, FireDAO generates revenue through various sources, such as FirePassport Minting, FireSoul Minting, FireSeed Minting, Soulbound Badge SBB Minting, NFT Market Royalty Revenue, FDT and FLM Transaction Taxes, and more. These revenue streams contribute to the economic well-being of the FireDAO ecosystem and support its growth and expansion.
Allocation of RainbowCity Treasury:
A percentage of the revenue generated by FireDAO is allocated to the RainbowCity Treasury, supporting various facets of the project. This allocation includes provisions for the RainbowCity Foundation Vault, FireDAO Community Vault, FireSeed Labs Vault, Community Ecological Operation Fund, Buyback & Burn Fund, FDT and FLM Liquidity Funds, and more. These allocations ensure the project's financial sustainability and the long-term well-being of its stakeholders.
The FireDAO Guilds:
FireDAO operates with 12 Guilds, each specializing in distinct aspects of the ecosystem. These Guilds encompass Financial, Operation, Research, Marketing, Education, Law, Development, Design and Video, Translation, Data Analysis, Investment, and Charity and Public Welfare Guilds. The formation of these Guilds enables FireDAO to effectively manage and coordinate various operations while fostering a diverse and vibrant community.
The FireDAO Citynodes System:
Central to FireDAO's ecosystem is the Citynodes system, which encompasses various online and offline activities centered around Citynodes. Individuals meeting the FID reputation score requirement can create temporary Citynodes, inviting other Soul Account FID holders to join. Each Soul Account can be a member of one Citynode, and income generated by the Citynode is shared between the administrator and node members through negotiation. The FireDAO global community governance system ensures a cohesive global community, providing avenues for discussion in multiple languages through exclusive forums and media groups.
Conclusion:
FireDAO's pioneering approach to Social DAOs, Web3 Identity, and on-chain incentives marks a significant step in the evolution of decentralized civilization. With its unique token economics, diverse Guilds, and robust governance system, FireDAO stands poised to revolutionize how communities engage and govern themselves on the blockchain. As it continues to progress, FireDAO has the potential to ignite a new era of Web3 identity and pave the way for a more inclusive, transparent, and decentralized future.
FOR MORE INFORMATION:
Website: https://www.firedao.co/
Twitter: https://twitter.com/FireDAOlab
Discord: https://discord.gg/HjtHk5j6nG
Telegram: https://t.me/FireDAOEN
Facebook: https://facebook.com/FireDAO
TikTok: https://www.tiktok.com/@firedaoofficial
YouTube: https://www.youtube.com/@FireDAOlab
Reddit: https://www.reddit.com/r/FireDAO
Medium: https://medium.com/@FireDAOlab
AUTHOR:
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